Foster & Motley Inc. Sells 4,727 Shares of PACCAR Inc (NASDAQ:PCAR)

Foster & Motley Inc. trimmed its holdings in PACCAR Inc (NASDAQ:PCAR - Free Report) by 5.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,174 shares of the company's stock after selling 4,727 shares during the quarter. Foster & Motley Inc.'s holdings in PACCAR were worth $8,028,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Everence Capital Management Inc. acquired a new stake in shares of PACCAR during the fourth quarter worth about $1,984,000. Sanctuary Advisors LLC raised its position in PACCAR by 24.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,016 shares of the company's stock worth $2,962,000 after buying an additional 5,871 shares during the last quarter. Mengis Capital Management Inc. boosted its holdings in shares of PACCAR by 2.9% in the third quarter. Mengis Capital Management Inc. now owns 191,157 shares of the company's stock valued at $18,863,000 after acquiring an additional 5,433 shares in the last quarter. Insight Wealth Strategies LLC increased its stake in shares of PACCAR by 21.6% during the fourth quarter. Insight Wealth Strategies LLC now owns 39,041 shares of the company's stock worth $4,061,000 after acquiring an additional 6,936 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in PACCAR by 1.8% during the third quarter. Fisher Asset Management LLC now owns 5,180,925 shares of the company's stock worth $511,254,000 after purchasing an additional 89,245 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company's stock.

Insider Buying and Selling

In other PACCAR news, CEO R Preston Feight sold 27,191 shares of PACCAR stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $103.52, for a total transaction of $2,814,812.32. Following the transaction, the chief executive officer now owns 171,776 shares of the company's stock, valued at $17,782,251.52. The trade was a 13.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.02% of the stock is owned by corporate insiders.

PACCAR Trading Up 1.2 %

NASDAQ PCAR traded up $1.34 during mid-day trading on Thursday, hitting $112.23. The company's stock had a trading volume of 1,015,807 shares, compared to its average volume of 2,344,899. The stock's fifty day simple moving average is $110.47 and its two-hundred day simple moving average is $104.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.25 and a quick ratio of 1.03. PACCAR Inc has a 52-week low of $90.04 and a 52-week high of $125.50. The firm has a market capitalization of $58.84 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 2.77 and a beta of 0.93.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.04). PACCAR had a net margin of 13.51% and a return on equity of 27.24%. Research analysts expect that PACCAR Inc will post 7.93 EPS for the current year.

PACCAR Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a $3.00 dividend. The ex-dividend date of this dividend was Friday, December 20th. This is an increase from PACCAR's previous dividend of $0.89. PACCAR's dividend payout ratio is presently 13.41%.

Analyst Upgrades and Downgrades

A number of research firms have commented on PCAR. Royal Bank of Canada reissued a "sector perform" rating and issued a $119.00 target price on shares of PACCAR in a report on Monday, November 4th. Evercore ISI raised shares of PACCAR from an "in-line" rating to an "outperform" rating and increased their target price for the company from $99.00 to $129.00 in a report on Wednesday, November 13th. Bank of America upgraded PACCAR from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $116.00 to $121.50 in a research report on Tuesday, January 14th. Citigroup decreased their price objective on shares of PACCAR from $125.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Finally, Morgan Stanley dropped their target price on shares of PACCAR from $135.00 to $126.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, PACCAR currently has a consensus rating of "Moderate Buy" and an average target price of $121.32.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.